By Jim Melwert

PHILADELPHIA (CBS) — Thanks to tax incentives, Philadelphia-based retailer Urban Outfitters is planning an expansion that could add a couple of thousand jobs at the Philadelphia navy yard complex.

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Urban Outfitters’ founder, president, and CEO Richard Hayne says his company was courted by other states but “it was always number-one in our list to remain in Philadelphia.”

Hayne says Urban Outfitters will add a couple of thousand jobs at its navy yard headquarters in South Philadelphia, perhaps doubling the 2,000 people who already work there.

“They’re office jobs, a lot of creative jobs, design, merchandising, operations,” Hayne explains, adding that the company is getting Keystone Opportunity Zone benefits with reduced state and local taxes.

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“We would not have been able to do this project and add those jobs if it weren’t for those incentives,” he said.

And while some claim the tax breaks are a corporate handout, Hayne says the city will benefit.

“Well, if we grow employment by a couple thousand, you’re going to be getting wage tax and they will be participating in the economy,” he said.

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